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AG Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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AG Equipment Financing ReviewToday, it can be very difficult for a farm business to succeed without having high-quality equipment. In fact, broken down farming equipment can be at the expense of business profits. This is where AG Equipment Finance can come into play. In this article, we are going to review AG Equipment Finance and how they can potentially benefit your farming business.

PROS

AG Equipment Finance takes pride in their simple business model and fast application process. This will make the company favorable for farm businesses who do not want to waste time.

CONS

While AG Equipment Finance does many things correctly, the biggest complaint is the lack of value on their website. Much of their content is regurgitated, making some pages or programs seem a bit sketchy. On top of this, it’s difficult to find the articles that many business owners might be interested.

Loan and Lender Information

AG Equipment Finance is a small farm equipment financing firm offering services to help small farm business owners like yourself. What’s special about this company is their experience and dedication in the field of the programs they offer. In accordance to their website, AG Equipment Financing has programs in:

  • Harvesting
  • Tillage
  • Tractor
  • Planting
  • Hay and Forage
  • Auction
  • Custom Needs
  • Dealer Program

If you are interested in some of these programs and need help financing equipment for your farm business, check out their website, www.agequipmentfinance.com for more information!

Rates and Fees

Before you can consider applying for any services with AG Equipment Finance, it’s important to take into consideration their rates and fees. In light of this, AG Equipment Finance only offers 5-7-year terms all starting at $15,000 or more. When picking out a specific program, be sure to look at the different minimum down payment percentages as the company charges between 10-15%, depending on the option selected.
The main goal behind AG Equipment Finance is to make financing equipment simple and easy. This is why the company does not charge any collateral or blanket liens, making this company quite a favorable option in comparison to larger equipment financing firms.

Application Process

AG Equipment Finance mentions that their application process will take less than 5 minutes. On top of this, any applicants will hear back within 24 hours regarding their financial options. The application process is as easy as 3 steps.

  • Apply online, agequipmentfinance.com/process/
  • Schedule a conversation or call their customer service number to discuss the financial options and rates/fees.
  • Contact signing on final terms.

Verdict

AG Equipment Finance is a smaller equipment financial company offering great services, excellent customer service, and the simplicity that many farm owners wish when leasing or purchasing equipment. In our opinion, there are not many companies that can compete with AG Equipment Finance, even some of the larger competitors. While the rates and fees may not be fully available, we do encourage any applicant to always compare rates and fees with other companies to ensure the best deal.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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